My question is now from 13.5.2020 government has reduced TDS 25% on non-salaries for example : on Rent 10% TDS was there 200000x10%=20000/- now 25% reduction means 7.5% TDS is applicable so for new TDS deduction is 200000x7.5%=15000/- on rent. Please clarify.
27 May 2020
Ok Sir Thanks very much, TDS on contract for companies 2-0.25=1.75% and TDS professionals 10-2.5=7.5% and so on for all TDS. This upto 31st March 2021.
If new rule on TDS starts from 13.5.2020, if we get a invoice on 2nd May 2020 then which TDS rule is applicable. New TDS rule or Old TDS rule applicable.
CAclubindia
